Adaptive Planning Scores $45M Financing

May 22, 2013

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Adaptive Planning, a provider of cloud-based business analytics solutions, has raised $45 million in new funding led by Bessemer Venture Partners. Existing investors ONSET Ventures, Norwest Venture Partners, RBC Capital Partners, Cardinal Venture Capital and Monitor Ventures also participated in the round. The Mountain View, CA-based company allows finance and management teams to work together to plan, monitor, report on and analyze financial and operational performance. Adaptive Planning will use the capital to scale its direct sales and partner channels in North America, expand into new enterprise and international markets and drive new product innovation.